New Law on Geospatial Data

The Serbian National Assembly is due to vote today about the Law on National Infrastructure for Geospatial Data which, if adopted, could lead to a 1.5% increase in the national GDP – says Darko Vucetic from the State Geodetic Authority.

Among other things, the law is going to shorten the procedure for registration of property from the current 21 to 5 days, while the property registration fees will be reduced from 2.8% to 2.5% of the property value. All of this is supposed to be implemented by the end of 2018 providing that the Serbian Assembly passes the law.

“Based on the research done so far, having an efficient geospatiacl data infrastructure can boost a country’s economic development and GDP by up to 1.5%. After this law is adopted, investors will be able to acquire information about the position, shape and size of a land plot much faster, as well as the information about the possibility of building in a certain land plot. Furthermore, we are going to halve the number of required procedures”, Vucetic adds.

By cross-referencing data from various state institutions like, for instance, the size of land plots in certain parts of towns, the structure of the population in these town parts, their education level and purchasing power, investors will have comprehensive information at their disposal based on which they could assess whether it would be profitable for them to invest and build in a certain area.

“Thanks to a well-regulated geospatial sector, Australia increased its GDP by 1.1% and the Republic of Ireland increased its GDP by 1.6%”, Vucetic explains.

“All of the data will be stored on the GeoSrbija web portal that will have been improved and updated with the latest technology by mid-2018”, Vucetic concludes.

(Blic, 15.05.2016)

http://www.blic.rs/vesti/ekonomija/novi-zakon-o-geoprostornim-podacima-olaksace-investitorima-odluku-a-gradanima-ce/9fgf25t

This post is also available in: Italiano

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